JSW Steel Limited has informed the Exchange regarding a press release dated August 04, 2025, titled "JSW Steel and JFE Steel to expand Grain-Oriented Electrical Steel Capacity to 350,000 tons per annum in India.".
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JSW Steel, in partnership with Japan's JFE Steel, announced a major expansion of its grain-oriented electrical steel (GOES) capacity through two joint ventures. The combined capacity will rise to 350,000 tons per annum, making it India's largest integrated GOES production base. The two plants—Vijayanagar (Karnataka) and Nashik (Maharashtra)—will see their capacity scaled to 100,000 and 250,000 tons per annum respectively, with phased commissioning beginning from FY2028. The joint investment for this expansion is around ₹5,845 crore, taking the total cumulative investment in these facilities to ₹15,560 crore. The move targets surging domestic demand from renewable energy, e-mobility, decarbonization, and AI data centres, while supporting India's import substitution goals under the Make in India and Atmanirbhar Bharat initiatives.
Positive for long-term shareholders—the expansion strengthens JSW Steel's specialty steel portfolio and positions it to benefit from India's energy transition and digital infrastructure growth. However, the large ₹5,845 crore capex commitment and FY2028 commissioning timeline mean the financial benefits will play out over several years.